Gabriel Bankman-Fried, the brother of former FTX CEO Sam Bankman-Fried, had a plan to outlive a worldwide disaster utilizing funds from the now-defunct cryptocurrency trade.
In line with a July 20 submitting with the USA Chapter Courtroom for the District of Delaware, Gabriel deliberate to buy the island nation of Nauru within the Pacific utilizing allegedly misappropriated funds via the FTX Basis. Tasks with the charity “that served little goal aside from to reinforce the general public stature of Defendants,” in response to court docket paperwork, included a $300,000 guide grant on “people’ utility perform” in addition to a $400,000 grant to a YouTuber.
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